CURRICULUM
OF
COMMERCE
BS Commerce (B.Com. Hons)
MS Commerce
(Revised 2006)
HIGHE
R
EDUCATION
ISSION
COMM
HIGHER EDUCATION COMMISSION
ISLAMABAD
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CURRICULUM DIVISION, HEC
Prof. Dr. Syed Altaf Hussain
Member (Acad/R&D)
Prof. Dr. Altaf Ali G. Shaikh
Former Adviser (Acad/R&D)
Malik Ghulam Abbas
Deputy Director
Miss Ghayyur Fatima
Deputy Director (Curri)
Mr. M. Tahir Ali Shah
Assistant Director
Mrs. Noshaba Awais
Assistant Director
Mr. Shafiullah Khan
Assistant Director
Composed by Mr. Zulfiqar Ali, HEC Islamabad
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CONTENTS
1.
Introduction
7
2.
Curriculum for BS (Hons)
i) Scheme of Studies
ii) Details of Courses
10
11
Curriculum for MS (Hons)
i) Scheme of Studies
55
Recommendations
56
3.
4.
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PREFACE
Curriculum of a subject is said to be the throbbing pulse of a nation.
By looking at the curriculum one can judge the state of intellectual
development and the state of progress of the nation. The world has
turned into a global village; new ideas and information are pouring in
like a stream. It is, therefore, imperative to update our curricula
regularly by introducing the recent developments in the relevant
fields of knowledge.
In exercise of the powers conferred by sub-section (1) of section 3 of
the Federal Supervision of Curricula Textbooks and Maintenance of
Standards of Education Act 1976, the Federal Government vide
notification no. D773/76-JEA (Cur.), dated December 4, 1976,
appointed University Grants Commission as the competent authority
to look after the curriculum revision work beyond class XII at
bachelor level and onwards to all degrees, certificates and diplomas
awarded by degree colleges, universities and other institutions of
higher education.
In pursuance of the above decisions and directives, the Higher
Education Commission (HEC) is continually performing curriculum
revision in collaboration with universities. According to the decision of
the special meeting of Vice-Chancellors’ Committee, curriculum of a
subject must be reviewed after every 3 years. For the purpose,
various committees are constituted at the national level comprising
senior teachers nominated by universities. Teachers from local
degree colleges and experts from user organizations, where
required, are also included in these committees. The National
Curriculum Revision Committee for Commerce in its meeting held in
June 12th to June 14th 2006 at the HEC Regional Centre, Lahore
revised the curriculum after due consideration of the comments and
suggestions received from universities and colleges where the
subject under consideration is taught. The final draft prepared by the
National Curriculum Revision Committee duly approved by the
Competent Authority is being circulated for implementation by the
institutions.
Prof. Dr.Altaf Ali G. Shaikh
Adviser (Acad/R&D)
August 2006
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CURRICULUM DEVELOPMENT
STAGE-I
STAGE-II
STAGE-III
STAGE-IV
CURRI. UNDER
CONSIDERATION
CURRI. IN DRAFT
STAGE
FINAL STAGE
FOLLOW UP
STUDY
COLLECTION OF
REC
APPRAISAL OF 1ST
DRAFT BY EXP. OF
COL./UNIV
PREP. OF FINAL
CURRI.
QUESTIONNAIRE
CONS. OF CRC.
FINALIZATION OF
DRAFT BY CRC
INCORPORATION
OF REC. OF V.C.C.
COMMENTS
PREP. OF DRAFT
BY CRC
APPROVAL OF
CURRI. BY V.C.C.
PRINTING OF
CURRI.
REVIEW
IMPLE. OF
CURRI.
BACK TO
STAGE-I
Abbreviations Used:
CRC.
Curriculum Revision Committee
VCC.
Vice-Chancellor’s Committee
EXP.
Experts
COL.
Colleges
UNI.
Universities
PREP. Preparation
REC.
ORIENTATION
COURSES
Recommendations
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INTRODUCTION
A meeting of the National Curriculum Revision Committee
constituted by the Commission comprising senior teachers of Commerce
from the universities, Colleges and user organizations to design the four
year BS Commerce / B. Com (Hons) Program was held
on June 12th to June 14th 2006 at HEC Regional Office, Lahore.
The following persons attended the meeting.
1.
Prof. Agha Riaz Hassan,
Director Institute of Commerce,
University of Sindh,
Jamshoro.
Convener
2.
Prof. Dr. Lutaf Ali Phulpoto,
Department of Commerce,
Shah Abdul Latif University,
Khairpur
Member
3.
Mrs. Dilshad Zafar,
Associate Professor/Chairperson,
University of Karachi,
Karachi.
Member
4.
Prof. Dr. Mujahid Ali,
Chairman,
Department of Commerce,
B.Z. University, Multan
Member
5.
Mr. Arshad Ali,
Chairman,
Department of Management Studies,
University of Malakand,
Chakdara Dir.
Member
6.
Mian Muhammad Niaz Shakir
Lecturer,
Department of Commerce,
Government College University,
Faisalabad.
Member
7.
Mr. Kashif Hamid Boparai,
Department of Business Management Sciences,
University of Agriculture,
Faisalabad.
Member
8.
Mr. Shahid Nafees,
Senior Vice-President,
Institute of Management Development,
Habib Bank Ltd. Lahore
Member
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9.
Mr. Yorid Ahsan Zia
Lecturer,
Quaid-i-Azam College of Commerce
University of Peshawar.
Member
10.
Mr. M. Javaid Iqbal
Incharge, Commerce Department
Islamia University,
Bahawalpur.
Member
11.
Mr. Athar Azim Khan
Dean of Commerce
University of Central Punjab
Lahore.
Member
12.
Mr. Zafar Abbas
Assistant Professor
Commerce Department
Gomal University, D.I. Khan.
Member
13.
Sheikh Muhammad Ilyas
Partner, Ilyas Saeed & Co.
Chartered Accountants, Lahore.
Member
14.
Prof. Ch. Nazir Ahmed,
Principal,
Hailey College of Commerce,
University of the Punjab, Lahore.
Secretary
The different sessions of the meeting started with recitation
from Holy Quran.
Miss Ghyur Fatima, Deputy Director, Curriculum Division, HEC,
Islamabad welcomed the participants on behalf of the Chairman, Higher
Education Commission. She stressed upon the need for updating the
courses of reading in commerce to meet the needs of changing
environments of business and commerce.
She briefed the meeting about the responsibility of the Higher
Education Commission, for revision of curricula of all subjects taught at
graduate and post-graduate level in the Universities and affiliated Colleges
in the country and Azad Jammu & Kashmir. She explained the efforts of
the Higher Education Commission in increasing the quality of higher
education according to the Intentional standards
The Committee unanimously elected Prof. Agha Riaz Hassan,
Director Institute of Commerce, University of Sindh, Jamshoro. as
Convener and Prof. Ch. Nazir Ahmad, Principal, Hailey College of
Commerce, University of the Punjab, Lahore as secretary of the Committee.
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The Chairman Prof. Dr. Agha Riaz Hassan explained the purpose of
meeting and emphasized to carefully review the syllabi drafted in the
preliminary meeting held on February 27th to March 1st 2006.
The meeting lasted for 3 days. Thorough deliberations were made
and all the members took active part in reviewing the syllabi.
At the end of the meeting, the convener, Prof. Agha Riaz Hassan,
expressed his deepest satisfaction in respect of the work completed and
thanked all the participants for it. He also expressed thanks to Mr.
Muhammad Riaz Cheema, Director, HEC, Regional Centre, Lahore and
Miss Ghyur Fatima, Deputy Director, Curriculum Division, HEC, Islamabad
for their coordination efforts in making the meeting successful.
The curriculum proposed by the committee is as Annex-A
Mission Statement:
To produce competent managers, entrepreneurs and academicians with
sound knowledge and equipped with analytical tools required in today’s
highly competitive world of Commerce and Industry and to provide
opportunity to explore new business horizons by enabling them to make
optimal business decisions.
Objectives of the Program:
At the end of the program the students will be able to:
• Evaluate different financial proposals by exhibiting strong theoretical
knowledge and quantitative techniques.
• Establish an accounting system for new concern or handle the
accounts of any on going concern.
• Have a broader understanding of corporate, legal and business
affairs.
• Understand the modern business scenario.
• Provide strong managerial, interpersonal and negotiation skills.
• Conduct research independently.
• Comprehend business and economic environment.
• Encourage the study of specialized subjects
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Scheme of Study
for 4 Year BS Commerce (B. Com. Hons.)
Semester 1
1.1 Principles of Accounting-I
1.2 Introduction to Business
Cr.
Hrs.
3+1
3
1.3 Micro Economics
1.4 Business Mathematics
3
1.5 Functional English
3
1.6 Islamic Studies
2
3
Semester 2
2.1 Principle of Accounting-II
2.2 Business Statistics
2.3 Macro Economics
2.4 Writing Skill
Cr.
Hrs.
3+1
3
3
3
2.5 Pak-Studies
2
Computer Application In
2.6 Business
3
17+1
17+1
3.1
Advanced Accounting-I
Cr.
Hrs.
3+1
3.2
Business Law
3
3.3
Economy of Pakistan
3
3.4
Income Tax Law
3
4.3 Cost Accounting
4.4 Custom and Sales Tax
3.5
Money & Banking
3
Business Communication
4.5 & Report Writing
3
Semester 3
Semester 4
4.1 Advanced Accounting-II
4.2 Auditing
Cr.
Hrs.
3+1
3
3
3+1
15+1
Cr.
Semester 5
Semester 6
Hrs.
5.1 Principles of Management 3
6.1 Logic
5.2 Principles of Marketing
3
6.2 Total Quality Management
Accounting
Information
5.3 Managerial Economics
3
6.3
System
15+2
Cr.
Hrs.
3+1
3
5.4 Financial Management
3
5.5
Research
Business
Methods
in
3
6.4 Entrepreneurship
3
6.5
15
Semester 7
7.1 Organizational Behaviour
Operations and
Production Management
Investment and Portfolio
7.3
Management
Electronics Commerce
7.4
(E-Commerce)
7.2
Cr.
Hrs.
3
3
Advanced
Cost
and
3
Management Accounting
Internship
(Summer
6.6
3
Vacation)
18+1
Cr.
Semester 8
Hrs.
Human
Resource
8.1
3
Management
3
8.2 International Business
3
3
8.3 Strategic Management
3
3
8.4
Research Project and Viva
6
Voce
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7.5
*Field of
Paper-I
Specialization
3
8.5
15
.
*Field of
Paper-II
Specialization
3
18
Total Credit = 136
Note:-
Research Project will be allocated in the 7th Semester but
completed and submitted in 8th Semester following Viva
Voce.
* Select any two papers from Field of Specialization
DETAILS OF COURSES
BS Commerce (B. Com. Hons.) Semester-I
1.1
a.
b.
c.
d.
e.
f.
Business Mathematics
Solution of Simultaneous equation. Solution of quadratic equation,
sequence Series and Progression, Applications.
Arithmetic & Geometric and their application in Business.
matrices and determinants: Addition, Subtraction and Multiplication of
Matrices,
Expansion of Determinants, Inverse of a matrix, Use of matrices in
the solution of system of linear equations.
Differential Calculus Differentiation of functions. Partial differentiation.
Application of derivatives in Business/Commerce, Optimization.
Integral Calculus
BOOKS RECOMMENDED (Latest Editions)
1. Syed Hassan Mirza, Business Mathematic for Management and
Finance.
2. L W Stafford, Business Mathematics.
3. Richard Lacava, Business Statistics.
4. Lavin, Business Statistics, Prentice Hall Inc.
5. Nasir Ali Syed, and G H Gill, Statistics & Business Mathematics, Fair
Publication, Lahore.
6. Z A Bohra, Business Statistics and Mathematics.
1.2
a.
b.
c.
Functional English
Vocabulary: Antonyms, Synonyms, Homonyms, One word
Substitution.
Practical Grammar – Sentence Structure: types of sentences –
based on function e.g. Interrogative sentences, based on structure
e.g. Simple, Compound complex, Transformation, Inversion
sentences, Parts of a Sentence – subject, predicate, complements,
direct indirect Objective, Rules for structuring sentences, Phrases –
types and functions, Clauses – types and functions.
Parts of Speech: Major word classes, Nouns – with further
classifications (regular, countable; uncountable; singular; plural),
Pronouns – with further classifications, Verbs – emphasis on three
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d.
e.
f.
g.
h.
forms of verbs, Adjectives – with further classification – three degrees
of comparison, Adverbs – with further classifications. Minor word
classes: Preposition, Conjunctions – with further classifications,
Interjections, Auxiliary verbs, Determiners, Infinitive, Participle,
Gerund, Genitives – types and functions.
Tenses – Types, Structure, Function, Conversion into negative and
interrogative.
Active and Passive voice.
Direct and Indirect speech.
Articles: Definite, Indefinite.
Composition and comprehension Précis Writing, Essay Writing.
BOOKS RECOMMENDED (Latest Editions)
1. J Chilver”, English for Business: A Functional Approach, D P
Publication Limited.
2. “Wren & Martin”, High School English Grammar & Composition: S
Chand & Company Limited.
3. “Michael Swan”, Practical English Usage, Oxford University Press.
4. A J Thomson & A V Martinet, A Practical English Grammar.
5. “Robert E Barry”, Basic Business English 2nd Ed. 1987, Prentice Hall
Inc
6. Englewood Cliffs, New Jersey.
7. Atta-ur-Rehman, Functional English.
8. Sylvia Chalker, A student’s English grammar work book.
9. A R Chohan, Functional English.
10. Bovee, Business Communication
1.3
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
k.
l.
Introduction to Business
Business: Meaning, Nature, Scope and Importance. Problems,
Functions and Qualities of a Businessman, Types of Businesses.
Sole Proprietorship: Features, Importance, Merits and Demerits.
Partnership: Features, Merits and Demerits, Co-ownership Vs.
Partnership; Classification of Partners; Rights, Duties and Liabilities of
Partners, Dissolution of Partnership.
Joint Stock Company: Features, Merits and Demerits, Formation,
Memorandum of Association; Articles of Association, Prospectus,
Capital, Management, Meetings, Winding up.
Cooperative Society: Features, Kinds, Merits and Demerits.
Combination: Meaning, Causes and Purposes, Advantages and
Disadvantages. Types of Combination. Forms of Combination.
Trade: Wholesales, Retail, Import and Export. Export Promotion
Bureau and its role.
Marketing Operation: Definition, Functions, Scope Advantage and
Disadvantage, Marketing Versus Selling.
Channels of Distribution: Meaning, Functions, Kinds, Selection of
Channels, Advantages.
Sales Promotion: Meaning, Objects and Methods.
Advertising: Meaning, Objects, Types, Merits and Demerits
Advertising Media.
Warehousing: Definition, Functions, Kinds.
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m. Business Risk: Definition, Types, Methods of Handling Risk.
n. Insurance: Meaning, Principles, Kinds (Life, Fire, Marine)
Importance.
BOOKS RECOMMENDED (Latest Editions)
1. Asakari Zaidi S A, Fundamentals of Business, Orient Publishers,
Karachi.
2. Nisar-ud-Din, Business Organization, Aziz Publishers, Urdu Bazar,
Lahore.
3. Muhammad Irshad, Introduction to Business, Naveed Publications
Lahore.
4. Khalid Mehmood Cheema, Introduction to Business, Syed Mobin
Mahmood & company, Lahore.
5. Theodore J Sielaff and John W Aberle, Introduction to Business,
Belmont, California Wardsworth Publishing Company, Inc.
6. Glass & Baker, Introduction to Business.
7. Ali M H, Introduction to Business.
8. Koontz & Weirick, Management.
Note: Latest Editions of the recommended books may be included.
1.4
Islamic Studies
Islamic Studies as for B.A/B.Sc. Examination.
a.
BASIC TERMS AND CONCEPTS
¾ Subjective study of the Holy Quran and Hadith
¾ Tawheed (Oneness of Allah).
¾ Prophethood.
¾ The Day of Judgment.
b.
Ibadaat (Worships)
¾ Salat or Namaz.
¾ Zakat.
¾ Saum (Fasting).
¾ Hajj.
c.
Amar Bil Maroof and Nahi anil Munkir (commands and
Prohibition)
¾ Importance of Preaching.
¾ How to Preach.
d.
Unity of Ummah
e.
Kasb-i- Halal (lawful Earning).
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f.
Fundamental Human Rights.
¾ Right to Property
¾ Right to Protect One’s Honnour.
¾ Right to Life.
¾ Right to Faith.
¾ Right to Equality.
¾ Right to Economic Security.
¾ Right to Merit.
¾ Right to Justice.
g.
Rights of Women.
h.
Relation with the Non-Muslims.
i.
Khutba Hujjat –ulk-Wida (Farewell Address)
j.
The Life of the Holy Prophet (P.B.U.,H.)
¾ Birth of the Holy Prophet.
¾ Life before Prophethood.
¾ Prophethood.
¾ Preaching and Difficulties.
¾ The Hijrah (Migration to Al-Madinah).
¾ Brotherhood and Treaty of Al-Madinah.
a. Mesaq-e-Madinah.
¾ Ghazwat-i-Nabvi (Holy Wars).
¾ Ghazwah-i- Badar.
¾ Ghazwah-i-Uhad.
¾ Ghazwah-i-Ahzab. (Ghazwah-i-Khandiq)
¾ Sulah Hadaibiyah and Bait –e- Ridwan.
¾ Ghazwah-i-Khyber.
¾ V Mutah.
¾ Conquest of Makkah –al-Mukramah.
¾ Ghazwah-i- Hunain.
¾ Ghazwah-i- Tabook.
k.
Hajjat-ul-Wida.
l.
Death of the Holy Prophet .
m.
Islamic Civilization
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n.
Influence of Islamic Civilization on the Subcontinent.
¾ Definition of Civilization.
¾ Civilization of the Subcontinent before Islam.
¾ Element of Islamic Civilization.
¾ Influences of Indian Civilization.
i)
ii)
(iii)
(iv)
o.
Social changes.
Moral Influence.
Political Consequences.
Effect on Family Life.
International Influence of Islamic Civilization.
¾ Islam and Scientific Knowledge.
¾ Influence of Human thought.
¾ Social and Humanistic Effects.
¾ Clash of Contemporary Civilization.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
Abdul Qayyum Natiq, Sirat-e-Mustaqeem (English)
Abdul Qayyum Natq, Sirat-e-Mustaqeem (Urdu)
Dr. Nasiruddin, Islamiat (Urdu) Ghanzfar Academy Pakistan.
Dr. M. Khalil, Tadrees-e-Islmiat, Jadeed Educational Services,
Lahore.
AIOU, Islamiat, Jadeed Book Depo, Lahore.
OR
1.4
Ethical Behaviour (in lieu of Islamic Studies for Non-Muslim
(Students).
a. Meaning and Scope of Ethics, Relation of Ethics with:
i) Religion
ii) Science
iii) Law
b. Historical Development of Morality:
i) Instinctive Moral Life
ii) Customary Morality
iii) Reflective Morality
c. Moral Theories:
i) Hedonism (Mill)
ii) Intuitionism (Butler)
iii) Kant’s Moral Theory
d. Moral Ethics and Society:
i) Freedom and Responsibility.
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ii) Tolerance
iii) Justice
iv) Punishment (Theories of Punishment)
e. Moral Teachings of Major Religions:
i) Judaism
ii) Christianity
iii) Islam
f. Professional Ethics:
i) Medical Ethics
ii) Ethics of Students
iii) Ethics of Teachers
iv) Business
g. Islam and Minorities
BOOKS RECOMMENDED (Latest Editions)
1. William Lillie, An Introduction to Ethics, London Methuen & Co, 1957.
2. Titus H H, Ethics in Theory and Practice, NY, Thomas Y Crowel,
1950.
3. Hill Thomas, Ethics in Theory and Practice, NY, Thomas Y Crowel,
1950.
4. Ameer Ali S, The Ethics of Islam, Culcutta, Noor Library Publisher,
1951.
5. Donaldson D M, Studies in Muslim Ethics, London 1953.
6. Sayeed SMA (Tr.), Ta’aruf-e-Akhlaqiat, Karachi, BCC&T, Karachi
University, 1984.
1.5.
a.
b.
c.
d.
e.
f.
g.
h.
Micro Economics
Introduction: Definition, Nature, Scope and Importance (Micro and
Macro Economics) Description, Analysis and Policy: Economic
Methodology.
Consumer Behaviour: Definition and meaning, Marginal Utility: Law
of Diminishing Marginal Utility Consumer's Surplus Indifference curve
approach.
Demand: Definition, Laws of Demand, Changes in Demand, Elasticity
of Demand and its measurement.
Supply: Supply, Changes in supply, Demand and Supply
Relationship.
Equilibrium Analysis.
Production: Concept of Factor of Production, Land Labour, Capital &
Entrepreneur. Laws of Returns and their application to Agriculture
Sector.
Costs: Costs over time period Fixed, Variable, Total, Average and
Marginal.
Market: Perfect and Imperfect Competition. Price and output,
determination under perfect and Imperfect competition. Market price
and Normal price. Monopoly, Oligopoly, Duopoly and Price Control.
(Basic Concepts).
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i.
j.
Factor Pricing: Rent, Wages, Interest and Profit.
Fiscal Policy, Monetary Policy
BOOKS RECOMMENDED (Latest Editions)
1. Paul A Sameulson, Economics.
2. Muhammad Irshad, Economics, Naveed Publications Lahore.
3. Sh Manzoor Ali, Economics, Ilmi Kutab Khana, Urdu Bazar, Lahore.
4. Lioyd G Reynolds Irwin, Micro Economics — Analysis & Policy, Irwin
Homwood Illinois.
5. Saeed Nasir M A, Textbook of Economics, Ilmi Kutab Khana, Lahore.
6. Salman Rizavi, Economics, Syed Mobin Mahmud & Co., Lahore.
7. K. K. Dewitt, Economics
1.6
a.
b.
c.
d.
e.
Principles of Accounting-I
Introduction to Accounting. Basic accounting terminologies, generally
accepted Accounting principles. Accounting System. Accounting
Equation (Balance Sheet Concept). Accounting cycle.
Recording the business transactions: Vouchers, Journal, Ledger and
Trial Balance.
Subsidiary Ledgers for sales, purchases, cash, banking transactions,
Bank Reconciliation.
The periodical adjustment and closing process of accruals, deferrals,
inventory, depreciation, uncollectible and correction of errors. Capital
and Revenue. Provision and Reserve.
The Worksheet, Financial Statements, Income Statement, and
Balance Sheet, Cash Flow Statement (Direct Method) Statement of
owners equity.
BOOKS RECOMMENDED (Latest Editions)
1. Meigs and Meigs, Accounting. The Basis for Business Decisions
McGraw-Hill Book Company.
2. M. Arif & Suhail Afzal, Accounting, Azim Academy Lahore.
3. Ghani M. A, Principles of Accounting, Salman Publishers, Lahore.
4. Imdike, Hemkep & Smith, Principles of Accounting.
5. Niswonger and Fess Accounting Principles South-Western?
6. Ch. Muhammad Hanif and Azam Shafiq, Fundamentals of
Accounting, Etisam Publishers, Urdu Bazar, Lahore.
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BS Commerce (B. Com. Hons.) Semester-II
2.1
a.
b.
c.
d.
e.
f.
g.
Business Statistics
Definition, Application in Business and Commerce. Classification and
Tabulation. Statistical Enquiries, Diagrams and Graphs.
Measures of Central Values. Measures of Dispersion. Skewness.
Simple Correlation and Regression. Lines of Regression. Method of
least square and curve fitting with application to Business.
Index Numbers: Kinds of Index numbers with special emphasis to
consumer price Index numbers.
Basic Probability: theory. Definition. Laws of Probability. Conditional
Probability. Independent and Dependent events; Application in
Business.
Random Variables: Introduction, Discrete and Continuous Random
variables. Probability function. Expected values of Random variables.
Tests of significance: Introduction, Tests for means and proportions
for single and two populations.
BOOKS RECOMMENDED (Latest Editions)
1. Syed Hassan Mirza, Business Mathematic for Management and
Finance.
2. L W Stafford, Business Mathematics.
3. Richard Lacava, Business Statistics.
4. Lavin, Business Statistics, Prentice Hall Inc.
5. Nasir Ali Syed, and G H Gill, Statistics & Business Mathematics, Fair
Publication, Lahore.
6. Z A Bohra, Business Statistics and Mathematics.
2.2
Computer Application in Business
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
k.
l.
m.
2.
Computer
Characteristics of Computers.
History of Computer
Generation of Computer
Types of Computer
Classification of Digital Computer
Computer Hardware and Software
Basic Architecture of Computer System
Microprocessor
Types of Memory
Input/Output Devices
Computer Software
Programming Languages
DATA
COMMUNICATION,
NETWORKS
PROCESSING
• Network
• Types of Network
• Analog and Digital Transmission
AND
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DATA
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• Data Processing
• Data Processing Cycle
• Data Processing as a Business Need
3. Operating System ,
• Desktop/Interface
• Taskbar and Prop ties
4. WINDOWS XP Professional
5. Word Processing MS-Word
Menus: Creating and saving documents, Viewing, Editing, Formatting
and Navigating, Previewing and Printing, Margins and Breaks,
Character and Fonts, Formatting Paragraph, Header and Footer, Page
numbers and Footnotes, Creation of Tables and use of Tools.
6. Spreadsheet Microsoft Excel
• Concept of Spreadsheet. Copying, formatting and isolating
assumptions. Spreadsheet in decision-making. Graphs and Charts.
List and Data management.
7. Microsoft Access
• What is database? Creating tables, queries, Reports, Pages,
Macros and other objects
8. Microsoft Power Point
• Creating, opening and saving presentation. Working in different
views. Adding and formatting text and paragraphs. Making notes
pages and handouts.
9. Internet
• History of Internet, Surfing the net, reading, replying to and posting
news to news groups, Browsers.
RECOMMENDED BOOKS:
1. Dr. Liaqat Ali Chaudhry and Syed Asghar Ali Bukhari. Computer
Application in Business, Syed Mobin Mahmud & Co., Lahore.
2. Srivastava, C. Fundamentals of Information Technologies, Kalyani
Publisher, New Delhi.
3. Norton, P. et al. Microsoft Office. Techmedia, New Delhi-2.
4. Nuqoosh Software Learner. Short & Simple Guide: Find what you
need fast, Nuqoosh, Lahore.
5. Robert A. Szmaski. Introduction to Computer & Information
System.
6. Raymond Mcleod Jr. Management Information System,
(International Edition).
7. Richard D. Irwin. Computer Information System.
8. Microsoft Office .
9. Computers by H.L.Capron
10. Computers by Nancy Long
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2.3.
WRITING SKILL
a.
Lessons are as outlined below:
•
•
•
•
•
b.
Introduction
Basic Writing Skills
Being Concise and Clear
Planning what you write
Fiction.
Writing a short story - Part 1
• What makes a story 'short', Finding inspiration for a story,
Creative juices, Getting ready to write Writing atmosphere Time
management
c.
Writing a short story - Part 2
• Plot, Characters, Theme, Description, Curing Writer's Block,
Finding a market
d.
Improving style
• Finding writing voice Creative writing ideas and inspirations
Develop creativity Writing practice
e.
Become a non-fiction author
•
•
•
•
•
•
•
•
•
•
f.
Writing articles for newspapers and magazines
•
•
•
•
•
•
•
•
g.
What is non-fiction?
Refining your subject
Developing your subject
The fact filter: What to include
Finding a form
Getting at truth
Narrative voice
Anonymity vs. Authenticity
Editing work
Revising work of non-fiction
Style
Finding topics
The feature
The editorial
The news story
interview process
Web vs. Print (media styles)
Editing your article Finding a market Knowing your rights
Doing research for your writing
• Knowing subject
• Research on the net
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•
•
•
•
•
Research in libraries
Research by interview
Research - own books and resources
Researching faster
Fee-based sources of research
RECOMMENDED BOOKS:
1.
2.
3.
4.
5.
6.
7.
2.4
Discovery, By: William J Kelley &Deborah L Lawton
Adventures in writing: an introduction to the writing process with
reading, By: Adan U. Kern pier
Six walks in the Fictional woods:, By: Umberto Eco
Complete idiot's guide to creative writing, By: Lauire E Rozakis
Writing Creative Nonfiction: Fiction Techniques for Crafting Great
Nonfiction, By: Theodore A.Rees Cheney
What writing does and how It does it: An introduction to analyzing
texts and textual practices, By: PaulA. Prior
Writing Fiction: An Introduction the craft., By: Garry Disher
MACRO ECONOMICS
a. Introduction to Macro Economics.
b. National Income: Concepts of National Income-GNP, Circular
flow of national Income. Measurement of National Income:
National Income at market price, at factor Cost; Measurement of
national Product in current price and in constant prices.
c. Value of Money: Quantity Theory of Money, Cash Balance
Theory of Money, Measurement of Value of Money, Devaluation
of Money.
d. Trade Cycle: Phases, Causes & Remedies, Theory of Trade
Cycles.
e. Inflation: Kinds, Causes, & Remedies.
f. Balance of Payments: Balance of Trade, Balance of Payments,
Causes of Disequilibrium and Measures.
g. Public Finance: Meaning, Difference between Private and
Public Finance, Income and Expenditure of Public Bodies, Kinds
of Taxes and Cannons of Taxes fiscal policy.
h. Economics in Islam: Economic role of State in Islam, Zakat and
Ushr.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
Paul A Sameulson, Economics.
Muhammad Irshad, Economics, Naveed Publications Lahore.
Sh Manzoor Ali, Economics, Ilmi Kutab Khana, Urdu Bazar, Lahore.
Nancy Smith Barrett, The Theory of Macro Economics Policy, Prentice
Hall.
5. Edward Shapiro, Macro Economic Analysis, Harcourt Brace.
6. Saeed Nasir M A, Textbook of Economics, Ilmi Kutab Khana, Lahore.
7. Salman Rizavi, Economics, Syed Mobin Mahmud & Co., Lahore.
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2.5
PAKISTAN STUDIES
As per BA/B.Sc. Examination
Part I
Physical features
•
•
•
•
•
•
•
Location of Pakistan
Neighbor countries
Importance of Pakistan’s geographical location
Population division
Area distribution
Rural and urban segregation
Important cities
Migration: Causes, Problems, and solutions:
• Reasons of migration from rural to urban areas:
o Problems of rural areas
o Facilities in urban areas
• Problems created in urban areas due to migration
• Remedies or solutions
Natural Resources:
• Forests, land and water resources
• Minerals and Ores
Agriculture Sector:
• Main crops
• Factors impeding the growth of agricultural sector
• Remedies
• Agrarian reforms
Industrial Sector:
• Factors impeding the growth of industrial sector
• Main industries
• Steps taken by Government for industrial Development
• Manpower and Educational System
Part II
Pakistan and the Muslim World
Relationship of Pakistan with:
• Afghanistan
• Iran
• Bangladesh
• Turkey
• Saudi Arabia
• Libya
• Egypt
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• Palestine
• Muslim states of Central Asia
Part III
The Historical Perspective of Ideology of Pakistan:
•
•
•
•
The role of Arab Traders
The attack of Muhammad Bin Qasim
Other Muslim Empires
The role of Muslim Saints
Part IV
The Ideology of Pakistan
• Meaning and explanation of Ideology
• Ideology and Allama Iqbal
• Ideology and Quaid-e-Azam
• The aims and objectives of establishment of Pakistan
Part V
The Arrival of European Traders in The Sub-Continent
• Arrival of European traders (French, British, and Others)
• Establishment of East India Company
• British Era: From Trade to Politics
• The war of 1857
• Impact of British Rule
Part VI
Muslim Educational, Political and Constitutional Struggle
• Sir Syed Ahmed Khan and the Ali Garh Movement
• Establishment of Congress
• Establishment of Muslim League
• Partition of Bengal and its annulment
• Demand for separate electorate
• Lucknow Pact 1916
• The Khilafat Movement
• Congress rule and Day of Deliverance
• Pakistan Resolution 1940
Part VII
Establishment of Pakistan
1. Initial Problems
2. The constitution of Pakistan (1956, 1962, and 1973)
3. The Islamization Process
4. Kashmir Dispute
5. Pakistan India Wars
6. Foreign Policy of Pakistan
BOOKS RECOMMENDED (Latest Editions)
1.
2.
Pakistan Studies by Ishtiaq Ahmed Gondal
Pakistan Studies by M. Ikram Rabbani
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23
3.
4.
5.
6.
7.
8.
9.
2.6
Pakistan Studies by Allama Iqbal Open University
Reference Books:
Pakistan Studies by Dr. Muhammad Sarwar
Pakistan Studies by Muhammad Suhail Bhatti
Pakistan Studies by Prof. Manzoor Ahmed Shaikh & Adeel Niaz
Pakistan Studies by Ikram Ul Haq Raja
Pakistan Studies by Qazi Muhammad Manzoor-ul-Haq and Imtiaz
Ahmed Khan
Principles of Accounting-II
a. Accounting for Merchandizing concerns
b. Depreciation Methods and Accounting Treatment.
c. Partnership Accounts — Formation. Admission, Retirement,
Death, Dissolution.
d. Accounting for Non-trading / Not for profit concerns & their
Financial Statements.
e. Incomplete records, single entry system.
f. Consignments and joint ventures.
g. Joint Stock Company Salient Features, capital, issue of shares
and debentures and their presentation in the balance sheet.
BOOKS RECOMMENDED (Latest Editions)
1. Meigs and Meigs, Accounting. The Basis for Business Decisions
McGraw-Hill Book Company.
2. M. Arif & Suhail Afzal, Accounting, Azim Academy Lahore.
3. Ghani M. A, Principles of Accounting, Salman Publishers, Lahore.
4. Imdike, Hemkep & Smith, Principles of Accounting.
5. Niswonger and Fess Accounting Principles South-Western?
6. Ch. Muhammad Hanif and Azam Shafiq, Fundamentals of
Accounting, Etisam Publishers, Urdu Bazar, Lahore.
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SEMESTER-III
3.1
ADVANCED ACCOUNTING-I
a. Company Accounts, Issue of Shares, Bonds, over subscription,
Refund, Underwriting, Issue of Bonus and right shares,
b. Preparation of final accounts under Companies Ordinance 2002.
Relevant International Accounting Standards. Dividends and other
payment thereof, Cash Flow Statement. Appropriations, EPS
c. Ratio Analysis Liquidity, Turnover coverage, leverage &
profitability.
d. Branch accounts.
e. Departmental Accounts.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
3.2
Meigs and Johnson. Advanced Accounting. McGraw Hill.
Ghani, M.A. Advanced Accounting. Sulman Publication, Lahore.
Aftab Ahmad Khan. Advanced Accounting, Orient Publishers, Karachi.
Uzair Hassan, Advanced Accounting.
Robert L. Dixon & Harold Arnalt, Advanced Accounting.
M. C. Shukla , Advanced Accounting.
R.Gupta, Advanced Accounting.
BUSINESS LAW
a. Introduction of Law
b. Sources of Business Law
c. Law of Contract, Definitions. Formation of contract. Essentials of
a Valid Contract. Performance of Contract. Discharge of Contract.
Breach of Contract: Law Governing Indemnity, Guarantee,
Bailment and Agency.
d. Sale of Goods Act
e. Definition. Types of Contract of sales. Conditions and Warranties
effects of the contract of sales. Performance of the contract.
Rights of Unpaid seller.
f. Negotiable Instruments Act
g. Definitions, Characteristics and Types of Negotiable Instruments.
Negotiation, Crossing & its Types Endorsement. Liabilities of
parties. Discharge from Liability.
h. Carriage of Goods,
i. Common Carrier. Essentials of a Common Carrier, Rights, and
Duties of a common Carrier. Restricted Liability of Railway
Carriage as common carriage and by Sea.
j. Industrial Law
k. Laws relating to Factories, Workmen Compensation and Industrial
Relations Ordinance, Social Security, Payment of Wages.
BOOKS RECOMMENDED (Latest Editions)
1.
Chaudhry A.G. Mercantile Law in Pakistan. Pakistan Publishing
House, Karachi, Latest Edition.
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25
2.
3.
4.
5.
6.
3.3.
Khawaja Amjad Saeed. Mercantile Law of Pakistan Accountancy &
Taxation Services Institute, Lahore.
Khalid Mahmud Cheema, Business Law, Syed Mobin Mahmud & Co.
Lahore.
Govt. of Pakistan. Relevant Acts and Ordinances
I.R. Hashmi. A Manual of Mercantile Law.
M.C. Shukla, A Manual of Mercantile Law
ECONOMY OF PAKISTAN
a. Economic Resources of Pakistan.
• Mineral, power, water, forest and Human resources.
• Influence of resources on economic and social development.
b. Resource Development in Pakistan.
c. Composition of Pakistan Economy.
d. Agricultural Sector,
• Main products. Food problems, Price of Agricultural products
and Government policies, collective and cooperative Farming;
Agricultural Finance: Problems and Remedies; Marketing of
Agricultural products and problems related thereto.
e. Industrial Sector
• Present position and prospect. Industrial finance and financial
Institutions; Localization of Industries; Private and Public
Investment; Large Scale, Small Scale, and Cottage Industries,
SMEDA, Marketing of Industrial Products.
f. Trade and Globalization
• Main Exports and Imports; trends in foreign trade and Balance
of payments; regionalism and WTO.
g. Transport and Communication Sector
• Development of means of Transport and Communication and
their role in economic development.
h. Poverty Alleviation, unemployment and Debt Issues
i. Economic Planning and Budgeting
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
8.
M. Saeed Nasir. Economic Problems of Pakistan. Ilmi Book House,
Lahore.
Government of Pakistan. Pakistan Economic Survey.
Government of Pakistan. The Five-year plan (latest).
State Bank of Pakistan, Quarterly and Annual Reports.
Kh.Amjad Saeed, Economy of Pakistan.
Akbar Zaidi, Issues in Pakistan Economy.
Waqar Ahmad & Rashid Amjad, The Management of Pakistan
Economy.
Anjum Nasim, Financing the Development Priorities of Pakistan in
1990’s
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3.4
INCOME TAX LAW
a. History of Income Taxation in Pakistan.
b. Taxation structure and Administration in Pakistan.
c. Income Tax Law
• Introduction and History
• Schedules and Clauses
• Sections and Sub Sections
• Definitions of Terms
• Legal Provisions of Different Items
d. Heads of Income
• Salary
• Income from Business or Profession
• Income from House Property
• Income from Capital Gains
• Income from Other Sources
e. Calculation of Tax
• Tax rates
• Rebates
• Exemptions
• Deductions
f. Income Tax Authorities,
• CBR, Commissioner, Regional Commissioner, Appellate
Tribunal, Taxation Officer, Appeal Procedure.
g. Income Tax Problems of Individuals.
h. Introduction of Law of Partnership
• Registration with Income tax authorities
• Documents required
• Procedure
• Taxation treatment
i. Income Tax Problems of Partnership
j. Introduction of Joint Stock Companies.
• Companies Ordinance
• Legal Provisions regarding taxation of companies
• Treatment of Different Items
• Tax rebates
• Penalties
• Assessment procedure of partnership and joint stock company.
• Income tax Problems of Joint Stock Companies
• Basic Features of Sales Tax
• Introduction
• Definitions
• Treatment of Different Items
• Tax Calculation
BOOKS RECOMMENDED (Latest Editions)
1.
2.
Khawaja Amjad Saeed. Income Tax Law with Practical Problems.
Accountancy and Taxation Services Institute P.O. Box: 1164. Lahore
Naqvi, R.I. Income Tax Law. Taxation House, Lahore.
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3.
4.
5.
6.
7.
8.
9.
3.5
Naqvi, R.I. Sales Tax Law, Latest Edition. Taxation House, Lahore.
Govt. of Pakistan. Sales Tax Act.
Govt. of Pakistan, Income Tax Ordinance 2000.
Baig, Luqman. Income Tax Law, Ghazanfar Academy, Pakistan.
Mughal, Muhammad. Muazzam, Income Tax: Principles and Practice.,
Syed Mobin Mahmud & Co, Lahore (Latest Edition).
Mughal, Muhamad Muazzam, Sales Tax, Syed Mobin Mahmud & Co.
Lahore.
Baig, Luqman. Income Tax: Problems & Solutions, Karachi.
Money & Banking
a. Introduction: Evolution of Money, Forms, Functions, Importance
and Role of Money.
b. Introduction to Banking Companies ordinance, 1962
c. Banking in Pakistan: Brief History, Nationalization,
Privatization, Banking, Non Banking Financial Institutions.
d. Central Bank: Functions, Role, Monitory Policies, State Bank of
Pakistan, Functions and Role, Prudential Regulations.
e. Commercial Bank: Importance and their Role in Economy
Functions.
f. Bank Accounts: Current, PLS, Term Deposit, Foreign Currency
Accounts. Banker Customers Relationship.
g. Bank Advances: Running Finance, Cash Finance, Demand
Finance, Term Finance, Discounting of Bills, Purchase of Bills,
Principles of Advances, Securities, Modes of Lending, Trade
Financing.
h. Letter of Credits: Kinds, Advantages, Operation, Opening
Retirement, Negotiation Collection.
i. Consumer Finance
j. Islamic Banking: Principles, Functions, Islamic Modes of
Finance.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
Muhammad Irshad, Money & Banking, Naveed Publication, Lahore.
M Saeed Nasir, Money & Banking, Kitab Markaz, Faisalabad.
Israr Siddiqui, Practice and Law of Banking in Pakistan, Royal Book
Co, Karachi.
S A Menai, Banking and Finance in Pakistan, Oxford University
Press, Karachi.
Crowther, An outline of Money, Thomas Nelson & Sons Ltd, London.
Hassan Mobeen, Banking, Mobeen Publishers, Lahore.
Dr. Ishrat Hussian, Banking in Pakistan.
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SEMESTER IV
4.1
ADVANCED ACCOUNTING-II
a. Accounting for Leasing, Introduction to Banking Accounts,
Insurance Accounts. Hire Purchase, Installment Sales (with
reference to International Financial Reporting Statements).
b. Mergers, acquisitions and changes in financial structures,
Business Combination.
c. Valuation of Goodwill and Shares, Consolidation, Liquidation of
Joint Stock Companies.
d. Contract Accounts.
Note: All topics will be study with reference to IAS.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
4.2
Meigs and Johnson. Advanced Accounting. McGraw Hill.
Ghani, M.A. Advanced Accounting. Sulman Publication, Lahore.
Aftab Ahmad Khan. Advanced Accounting, Orient Publishers, Karachi.
Uzair Hassan, Advanced Accounting.
Shukla & Grewal, Advanced Accounting.
R.R. Gupta, Advanced Accounting.
Hrishikesh Chakraborty, Advanced Accountancy
AUDITING
a. Introduction: Definition Scope and Objectives
b. Risk Management: Internal Check, Internal Audit, Working of
Internal Control in various departments.
c. External Audit: Continuous, Final and Interim audit. Audit
Program, Audit Working Paper, Audit Note Book.
d. Vouching: Audit techniques and applications.
e. Verifications: Verification of Assets and Liabilities.
f. Auditors: Appointment, rights, duties and liabilities.
g. Audit Report: Statutory, Prospectus, Annual, Unqualified and
Qualified report.
h. Divisible Profit: Divisible Profit and Auditor duties in this respect.
i. Specialized Audit: Audit of Textile Mills, Sugar Mill, Bank,
Newspaper and Hotel.
j. Audit of Computerized Accounting Record: Computer Assisted
audit techniques
k. Investigation: Meaning, difference with audit, Detection of
Frauds.
Note: All topics will be study with the reference to International Auditing
Standards
BOOKS RECOMMENDED (Latest Editions)
1.
2.
Khawaja Amjad Saeed. Auditing Accountancy & Taxation Services
Institute, P.O.Box 1164, Lahore.
Auditing by Muhammad Irshad, Naveed Publication, Lahore.
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3.
4.
5.
4.3
Zafar M. Zaidi. Auditing.
Meigs & Larson. Principles of Auditing. University of Congress Richard,
D. Irwin.
Attwood and Stein, N.D.de Paula's Auditing Principles and Practice.
Pitman Publishing Ltd.,London.
BUSINESS COMMUNICATION REPORTING WRITING
a.
0Importance of Business Communication: Introduction,
Importance.
b. The Process of communication and Miscommunication:
Elements of communication, General Communication, Concepts
and Problems, Nonverbal Communication.
c. Principles of Business communication: Completeness,
Conciseness Consideration, Concreteness, Clarity, Courtesy,
Correctness.
d. Process of Preparing effective business messages: Steps in
planning effective business messages, Basic organizational
plans, Beginning and endings, composition of the message.
e. Direct Requests: Organizational plan, enquires, Claims and
requests for adjustments, request letters regarding routine
business, Invitations, Orders, Reservations.
f. Good news and Neutral Messages: Favorable replies to the
request.
g. Bad news messages: The right attitude, Plan for bad news
messages, Unfavorable replies to request.
h. Sales Letters: Solicited sales letter, Unsolicited sales letter.
i.
Collection Messages: Right attitude for effective collections,
Collection stages.
j.
Official letters: Parts and composition. Letters, memos,
Electronic mail.
k. Business Reports: Meaning and classification, Main parts of
the report, organizational and outline of report.
l.
Market Reports: Definition, Scope, Importance, Contents,
Market Terms.
m. Job Applications, Resume.
n. Successful oral Presentation and Successful Listening:
Presentation – Description and Methodology, Listening –
Description/
o. Successful
Informative
Speaking:
Purpose,
Kinds,
Organization and Outlines of the Informative Speech.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
“Herta Murphy”, Effective Business communication, McGraw Hill,
International Edition.
“Sh.Atta-ur-Rehman”, Effective Business Communication and report
writing.
John V. thill Courtland L. Bouee”, Excellence in Business
communication, 3rd Edition. 1996. McGraw Hill Inc.
Lesiker Pettil, Report writing for Business.
Bovee’ Business Communication Today.
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6.
4.4
Sheikh Muhammad Ilyas, Look for excellence, Far East Publications,
Lahore
COST ACCOUNTING
a. Meaning, need and importance of Cost Accounting. Distinction
between Cost & Financial Accounting.
b. Elements of Cost; Cost Classification and Costing systems; Cost
Accounting Cycle & Costing Techniques & Methods.
c. Voucher system and Control Accounts, Factory and General
Office books.
d. Job Order Costing and its Cycle.
e. Process Costing; Including treatment of addition of material in a
subsequent Department and Opening WIP inventories.
f. Material Costing and Control; Variance Analysis.
g. Labour costs Accounting and Incentive Wage Plans
h. Factory Overhead Costing, Accumulation, Application and
Departmentalization including two variance analysis, Introduction
to Activity Based Costing.
BOOKS RECOMMENDED (Latest Editions)
2.
3.
4.
5.
6.
7.
4.5
Nisaruddin. Cost Accounting, Aziz. Publishers, Urdu Bazar, Lahore.
Matz. A., Usry. Cost Accounting. South-Western Publishing Co. Ohio.
T Lucey, Costing
Hemkep, Cost Accounting.
Plomani & Fabbozi, Cost Accounting.
Arif & Sohail, Cost Accounting.
Custom and Sales Tax
a. Introduction of Custom Act. History, Definitions, Appointment of
Officers, and their powers, Prohibition and restriction on import
and export, exemption, Drawback, Appeals and Revisions
b. Introduction of Excise Act. History, Definitions, Levy and
Collection, Offence and Penalties, search, arrests and seizures,
Adjudication and Appeals.
c. Introduction of Sales Tax Act. History , Definitions, Scope,
Registration, Invoicing Requirements, Furnishing of Returns,
Appointment of Officers, and their powers, Offences and
Penalties, Appeals and Revisions.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
Naqvi, R.I. Sales Tax Law, Latest Edition. Taxation House, Lahore.
Mughal, Muhamad Muazzam, Sales Tax, Syed Mobin Mahmud & Co.
Lahore.
Govt. of Pakistan. Sales Tax Act.
Govt. of Pakistan, Federal Excise Tax.
Govt. of Pakistan, Federal Customs Tax.
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SEMESTER V
5.1
FINANCIAL MANAGEMENT
Nature, Scope and Importance of Financial Management. Risk & Return,
leverages, Dividend Policy. Capital Structure, Cost of Capital, Capital
Budgeting, Leasing, Merger, acquisitions. Financial Planning and Policy
Sources of Finance: Internal and External: Short-term, Medium, term and
Long, term. Working Capital Management. Financial Analysis and Control.
Evaluation of long term securities, Time value of money
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
5.2
James C. Van Horne. Fundamentals of Financial Management.
Prentice-Hall.
Keown, A.J. & Martin J.D. Basic Financial Management. Prentice Hall.
Gitman, Lawren J. Principles of Managerial Finance. Harper
International.
Rao.Introduction to Financial Management.
Weston & Copeland, Managerial Finance.
Roger G. Schroeder, Operation Management.
MANAGERIAL ECONOMICS
Definition and Scope of Managerial Economics, Consumer's BehaviorDemand, Elasticity of Demand & its application Concepts for DecisionMaking, Demand Estimation, Demand / Supply Analysis, Forecasting
simplex method Production Theory analysis and Cost Theory Analysis.
Cost Concepts for Decision-Making, Cost Estimation and forecasting; Basic
Pricing Theory, Game Theory, Risk analysis, Linear programming Preview,
Market Structure and Competitions, Pricing Decision for established and
new products, Competitive bids, Linear Programming Applications.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
5.3
Micheal Baye, Managerial Economics.
Dominick Salvatore, Managerial Economics in a Global Economy.
Petersen H. Craig & Lewis. W.Cris. Managerial Economics. Macmillan
Publishing
Company, New York.
Douglas, Evan J, Managerial. Economics Theory, Practice and
Problems: Prentice hall Inc. New York.
Sue. Managerial Economics. McGraw-Hill.
DARR. Managerial. Economics.
PRINCIPLES OF MANAGEMENT
Nature of Management, the Development of Management thought, the
Environment for Management, Planning and Decision Making, Quantitative
Techniques in Planning and Decision Making.
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Organizational Design and Job Design. Staffing the Organization. Managing
Organizational Development and change.
Leading and Motivating-Leadership, Motivation, Group Dynamic,
Interpersonal and Organizational Communication. Controlling. The Control
Function, Management Information System, Operations Management and
Productivity, Organizational and Entrepreneurial Career Option. Social
Responsibility and Management Ethics. International & Comparative
Management, Cases and Problem for Decision in Management.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
5.4
Koontz & Weirick. Management - McGraw Hill Co.
Boone, L.E. & Kurtz D.L. Management McGraw-Hill.
Pearce. JA & Robinson RB, Management. McGraw-Hill.
Gellerman, SW. Cases and Problems for Decision in Management.
McGraw-Hill.
Stephen B.Robins, Principles of Management
Bovee, Management
PRINCIPLES OF MARKETING
Nature & scope of Marketing, Marketing concept, Role of marketing in
society.
Marketing Process. Buyer Behaviour: Strategic Marketing
Planning, Organizing for Marketing, Marketing Functions.
Product; Consumer goods and industrial goods, consumerism, Grading and
Packaging, Brands and Trade Marks, Pricing Policies, Channels of
Distribution; Storage and Transportation, Wholesaling, Retailing. Promotion
mix, Marketing of Agricultural Products. International Marketing, Marketing
Mistakes, Marketing Costs-Strategies.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
5.5
McCarthy. Basic Marketing. Richard D. Irwin.
Stanton, W.J. Fundamentals of Marketing. McGraw-Hill.
Philip P. Kotler. Principles of Marketing. Prentice Hall.
Robin, D.P. Marketing. Harper & Row.
Ghouri, Rashid Ahmad & Faisal Rashid, Marketing.
Evans & Berman, Marketing
RESEARCH METHODS IN BUSINESS
Research and Management, Role and Types of Business Research, The
Research Process, Research Design-Classification of Design, Research
Proposal, Development of Research Plan, Outline, Measurements, Ethical
Issues in Research, Empirical Identification Collection- Primary Data
Sources, Secondary Data Sources, Observation, Constructing a
Questionnaire. Sampling - The Mail Questionnaire, Scaling Techniques Social Distance, Analysis of Data, Statistical Analysis (SPSS, SAS) and
Report Preparation.
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BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
Nemmers. E.E. & Myers, J.H. Business Research. McGraw-Hill.
Kress. G. Marketing Research. Prentice Hall.
Moser, C.A. & Kalton, G. The Survey Methods in Social Investigation
Heineman, London.
4. Prof. Dr. Matin, Research Method in Business, Karachi.
5. Baily, D.K. Methods of Social Research. The Free Press, Macmillan
Publishing Co.
6. Uma, Sekaran, Business Research Methods
7. Emory, Business Research Methods
8. Zikmund, S. Business Research Methods.
9. Dr. Mujahid, Research Methods for Business
10. Kumar and Kumar, National Book Foundation
SEMESTER VI
6.1.
ADVANCED COST AND MANAGEMENT ACCOUNTING
Review of Job Order and Process costing; Standard Costing; Setting
standards and variance analysis; Activity Based Costing, Costing of joint
and By-Products, Budgeting and Budgetary Control - Budgeting for
Manufacturing Concerns, Non-Manufacturing Concerns and Non-Profit
Organizations, Statistical Analysis of estimated cost including variance
analysis. Accumulating; Reporting and Evaluating Costs and Variances.
Direct Costing and the Contribution Margin. Differential Costing, Cost
Volume Profit Relationship, Break Even Analysis, profit Variance Analysis,
PERT/CPM.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
8.
6.2
Nisaruddin. Cost and Management Accounting. National Publishing
Corporation, Lahore.
Matz., A.Usry, M.F. Cost Accounting. South-Western Publishing
Company.
Blocker & Weltner. Cost Accounting
Bruce, J.D., Dowd J, Duneau. G. Cost Accounting Problems and
Exercises, McGraw-Hill, New York.
Horngren, Cost Accounting, A Managerial Emphasis.
T.Lucey, Management Accounting
Hemkep, Cost Accounting.
Polmai & Fabbozi, Cost Accounting
ACCOUNTING INFORMATION SYSTEM
Course Contents:
1.
Overview of Accounting Systems.
o Introduction of Accounting Information Systems.
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Cornerstones of Accounting Information Systems.
2. Organizations
o Organization with Dominant Flow of Goods
o Organizations without Dominant Flow of Goods
3. Contingency Approaches to Accounting Information Systems.
4. Information and Communication Technology and related
Administrative Concepts.
5. The Dynamics of Internal Control and ICT.
6. Bridging the Gap between Internal Control and Management Control.
7. The Integrative Role of the Accounting Information System
o Managing Contemporary Organization.
8. Communication of Accounting Information System.
o Perform simple file maintenance on chart of accounts.
9. Computerized Accounting System.
10. Accounting Reports
o Print the trial balance, income statement, balance sheet and other
reports of accounts, receivable and payable, Use the reporting
capabilities of the
11. Software package.
o Prepare all financial reports, subsidiary reports and custom reports
contained within the
o Use of Accounting software package.
RECOMMENDED BOOKS:
1. Accounting Information Systems: A Managerial Approach by Addy
Vaassen, Wiley Publications.
2. Financial Accounting By Larson (Ed. 15 2000).
3. Accounting Software With Database , Sage.
4. Management Information System, PB publications.
6.3
ENTREPRENEURSHIP
1. The Nature and Importance of Entrepreneurs
o Nature and Development of Entrepreneurship
o Entrepreneurial Decision Process
o Role of Entrepreneurs in Economic development
o Ethics and Social Responsibility of entrepreneurs
o The Future of Entrepreneurship
2. The Entrepreneurial and Entrepreneurial Mind
o The Entrepreneurial Process
o Managerial VS Entrepreneurial Decision Making
o Entrepreneurial Leadership Characteristics
3. International Entrepreneurship Opportunities
o The Nature of International Entrepreneurship
o Importance of International, Entrepreneurship
o Entrepreneurial Entry into International Business
4. The Marketing Plan
o Understanding the Marketing Plan, Characteristics
Marketing Plan
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5.
6.
7.
8.
9.
o Environmental Analysis, and Steps in preparing the Marketing
Plan.
The Financial Plan
o Operating and Capital Budgets, Break Even Analysis
o Cash Flows and Balance Sheets.
The Organizational Plan
o Developing the management team
o Building the successful Organization, The Role of BODs
Preparing for the new Launch
Managing early growth of the New Venture
Contemporary Options
o Joint Venture, Acquisitions
o Synergy, Mergers
o Hostile Takeovers Leveraged Buyouts
o Franchising
RECOMMENDED BOOKS:
1.
2.
3.
4.
5.
6.4
Hisrich and Peters, (1998) Entrepreneurship, McGraw-Hill.
Pitts R.A. and Snow C.C., Strategies for Competitive Success, John
Willey.
Barlett, Christopher A., and Sumantra Goshal. (1996). Strategy &
Leadership.
Carrier, Camille. (1994). Entrepreneurship in large Firms and SMEs.
A Comparative Study.
Kagan, Daniel. (1995). Why Entrepreneurs ignore good advice: A
study in non-linearity and Ego. Human System Management. Vol.14,
no.4, pp327-33.
LOGIC AND ARGUMENTS
a. Introduction to Logic
• Definition, Logic as a Science and an art
• Its relationship with Psychology, Grammar and metaphysics
• Scope of Logic, Value and Use of Logic
b. Thoughts and Arguments
• The Laws of Thoughts, Premises and Conclusion
• Diagrams for Single Arguments, Recognizing Arguments
c. Horizons of Logic
• Likelihood, Intension, Deduction, Induction
• Truth and Validity, Problem Solving
d. Consistency and Beliefs
• Consistent Set of Beliefs, Beliefs and Words, Declarative
Sentences
• Ambiguity, Predictable, Propositions and their Divisions
• Three basic functions of Language and Discourse
• The Forms of Discourse, Emotive Words
• Kinds of Agreement and Disagreement.
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e. Testing for Consistency and Validity
• Fallacies of Relevance, Fallacies of Ambiguity, Extensions and
• Intension
• Rules for Definition by Genus and Difference, Arguments by
Analogy
• Appraising Analogical Arguments, Building Complex Sentences
f. Logical Analysis
• Analysis of Complex Sentences, Interpretations
g. Experiments and Survey
• Mill's Methods of Experimental Inquiry, Methods of Agreement
• Methods of Difference, and Joint Method of Agreement and
Difference
• Methods of Residues and Methods of Concomitant Variation.
Recommended Books:
1. Irving M. Copi (1996) Introduction to Logic
2. Karamat Hussain, A Textbook of Deductive Logic.
6.5
TOTAL QUALITY MANAGEMENT
a. Introduction
b. Foundations of Quality
c. Measurement of Quality
d. Tools and Methods for Analytic Studies
e. Administrative System for Quality Management
f. Planning and Strategic Management for Customer Value
g. Organizing for Total Quality
h. Control and Systems Improvement
i. Performance Measurement frameworks
j. Quality Management Processes
k. Quality Control for Export Units
l. Total Safety System for TQM
m. Total Quality Management Standards
RECOMMENDED BOOKS:
1.
2.
3.
4.
6.6
Gitlow , Oppenheim, and Levine, Qualty Management
John S. Oakland, Total Quality Management
Dr. K.C. Arora, TQM and ISO 14000
Michael H. Stahl , Total Quality Management
Internship (Summer Vacation)
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SEMESTER VII
7.1
Electronics Commerce (E-COMMERCE)
Theoretical Portion
a.
b.
c.
d.
e.
f.
g.
Introduction to E-Commerce, Definition of E-Commerce, Scope of ECommerce.
Internet Infrastructure
Competition Analysis on the internet, understanding the forth channel,
paradigms in the new economy. Business process re-engineering.
Legal issues and ethics Global contracts.
Marketing strategies on the Web, Attracting visitors on your site,
virtual societies. One to one B2B, B2C marketing, Direct marketing.
Choosing the right ISP.
Payment methods in E-Commerce.
E-Commerce security
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
7.2
Daniel Amore, E-Business.
Paul Trimmers, Electronic Commerce.
Robert T-Plant E-Commerce, Formation Strategy
Danny Samson, E-Business
Jeffery F. Reyport, E-Commerce
Efrain Turban, Electronic Commerce
Rafi A Mahmood, Internet Marketing
OPERATION AND PRODUCTION MANAGEMENT
Introduction to Operations and Production Management, General Functions
of Operations and Production Management, Manufacturing and Service
Organization, Long Range Planning-Product and Resource Planning,
Factory
Location,
Layout
Process
Design;
Medium
Range
Planning-Forecasting Aggregate.
Production and Resource Capacity
Planning. Master Scheduling and Capacity Planning, Facility Layout, Work
Design and Measurement; Standardization, Simplification, Short Range
Planning-Independent Demand Inventory, Material requirement, Capacity
requirement; Execution and Control, Industrial Development in Pakistan.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
8.
Fogarty, W.D. & Hoffman. T.R. Production and Operations
Management.
Buffa. Elwood S and Sarin Rakesh K, Production Management.
Dilworth, J.B. Production and Operation Management
Owen Richard N., Management of Industrial Enterprises.
Roger G. Schroeder, Operation Management
Barry Kender & Jay Heizer, Principles of Operation Management
Everett E. Adam, Jr. & Ronald J. Ebart, Production and Operations
Management
Norman Gaither, Production & Operations Management.
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7.3
ORGANIZATIONAL BEHAVIOR
a.
b.
The Foundation for organizational behavior
Today’s organizations: information technology, total quality and
organizational learning.
c. Contemporary challenges. Diversity and ethics
d. A micro perspective of organizational behavior
e. Personality and attitudes
f.
Motivation needs, content, and processes
g. Motivating performance through job design and goal setting
h. Learning: processes, reward system, and behavioural
management.
i.
Micro and macro dynamics of organizational behavior
j.
Interactive conflict and negotiation skills
k. Stress: causes, effects and coping strategies.
l.
Power and politics
m. Leadership
n. A macro perspective of organizational behaviour
o. Decision making
p. Organization theory and design
q. The nature of organizational culture
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
8.
Fred Luthans. Organizational Behaviour. McGraw-Hill.
Stephen P. Robins, organizational Behaviour
Theodore T. Herbert. Dimensions of Organizational Behaviour.
Macmillan International.
Davis, Human Behaviour at Work. McGraw-Hill.
C. Argyris. Understanding Organizational Behaviour.
Abraham K. Korman. Organizational Behaviour. Prentice-Hall.
Edgar E. Huse and James. L. Bowditch. Behaviour in Organization.
Addison Wesely Publishing Company.
Porter, L. W. Lawler S.E. Hackman, J.R. Behaviour in Organization
McGraw Hill.
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7.4
INVESTMENT AND PORTFOLIO MANAGEMENT
Introduction to Investments, Types of Investments, Investment Return,
Risk and Return, The Measurement of Risk, The Theory of Risk and
Return – Mean-variance , International Diversification., Overview of the
Structure and Functioning of Investment Markets, Margin, Business Cycle
Analysis, Market Participation, Market structure and market efficiency.,
Sources of Investment Information, Equities, Money and Currency
Markets, Long-Term Fixed Income Securities, Fundamental Analysis,
Securities Analysis, Portfolio Construction and evaluation, Capital Assets
Pricing Model, Arbitrage Pricing Theory.
Stock Exchange Terminologies, Working in Pakistan, Settlement of
Accounts, Regulatory Environments, Credit Rating, Introduction of Major
Stock Markets.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
Charles P. Jones., Investment Analysis and Management
Mandel, L. and Thomas J. O’Brian. Investment
William F. Sharpe Gordon. Investment
Robert A. Haugen. Modern Investment Theory
Lawrence J. Gitman. Fundamentals of Investment.
Ramesh K.S. Rao, Fundamental of Financial Management,
Rayes, Doughlas A, Investment Analysis and Management
SEMESTER VIII
8.1
HUMAN RESOURCES MANAGEMENT
Basic concepts, Functions of personnel management: Organizational
structure of personnel management; Selection, Job description &
specifications; manpower requirements; Human Resource Planning
Selection Procedure; Interviewing; Counseling; tests; and merit rating;
Training; Employee Placement; Performance & Appraisal, Employee
Development including promotion; transfer and retirement; Grievances and
their remedies Discipline and discharge; Remuneration-wage systems;
incentives and compensation; Maintenance and integration of existing
employees; Labour unions and collective bargaining with particular
reference to Pakistan, Industrial Relations Ordinance , Employees old age
benefit scheme .
BOOKS RECOMMENDED (Latest Editions)
1. Decenzo, Human Resource Management.
2. Flippo, E.D. Principles of Personnel Management. McGraw-Hill.
3. Paul Pigors and Charoes.A. Mayers. Personnel Administration.
McGraw-Hill.
4. Michael J. Jusis. Personnel Management. Richard. D. Irwin, Inc.
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5.
6.
7.
8.
9.
8.2
Bernardin, H.J. Human Resources Management McGraw-Hill. 1990.
Michal Bottamly. Personnel Management McDonald and Evans Ltd.
Deseler, Human Resource Management.
Holden, Human Resource Management.
Keith Davis, Human Resource Management.
INTERNATIONAL BUSINESS
International Business and Globalization ,The Cultural Environments Facing
Business, The Political and Legal Environments Facing Business, The
Economic Environments, International Trade Theory & Government
Influence on Trade, Foreign Direct Investment, Motivations and Risk
Dimensions, The Determination of Exchange Rates, Foreign Exchange
Markets, The Impact of the Multinational Enterprise, The Strategy of
International Business, The Organization of International Business, Entry
Strategy and Strategic Alliances, Exporting, Importing and Counter Trade,
Global Human Resource Management , Financial Management in
International Business
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
8.3
Charles Hill International Business, McGraw Hill.
Daniels, J.D. and Radebaugh, L.H., International Business,
Environments and Operations, Addison Wesley.
Robock and Simmonds, International Business and Multinational
Enterprises,
Debra Johnson and Colin Turner, International Business
Oded Shenkar Yadong Luo, International Business
John D. Daniels Lee H. Radebaugh, International Business
M.E. Porter. Competitive Advantage of Nations.
STRATEGIC MANAGEMENT
The Top-management view point, Seizing up situation, formulating policies
and planning programmes of action, Organizing Administrative Personnel
and putting plans into action-Implementing policy strategy. Control day to
day administrative problems, Follow up and appraisal.
Nature and Importance of Business Policy /Strategy. Managerial &
Organizational Style. Strategic Management Elements. Environmental
Analysis and Diagnosis. Considering strategic alternatives. Implementing
strategy. Evaluating Strategy, SWOT analysis, Case Study Method and
Illustration.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
Steiner, George A. and Miner, John B. Management Policy and
Strategy: Collier Macmillan International Inc. New York.
M.E. Porter, Competitive Strategy.
Rogers, D.C. Business Policy and Planning. Prentice Hall.
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4.
Smith, G.A. and Christensen. Policy Formulation and Administration
Richard D. Irwin, Inc.
5. Dittrich, J.E.The General Manager & Strategy Formulation. John
Willey.
6. Pitts R.A. and Snow C.C.Strategies for Competitive Success. John
Willey.
7. Steiner, George A. Top Management Planning Macmillan Publishing
Co. Inc. New York, London.
8. Willium F. Glueck, Business Policy and Strategic Management,
McGraw-Hill Co.
9. Thomson & Stickland, Crafting & Executing Strategy
10. Gerry Johnson & Kavin Scholes, Exploring Corporate Strategy.
11. Fred R. David, Strategic Management
8.4
Research Project and Viva Voce
FIELDS OF CONCENTRATION
1. Accounting
a. Advanced Accounting Theory and Practice
b. Public Sector Accounting
c. Advanced Auditing
d. Cost Accounting Applications
e. Financial Reporting and Disclosures
f. Special topic in Accounting can be adopted by the concerned Board
of Studies.
2. Finance
a. International Finance
b. Islamic Finance
c. Corporate Finance
d. Project Management
e. Specialized Financial Institutions
f. Risk Management
g. Financial Statement Analysis
3. Marketing
a. International Marketing
b. Marketing Management
c. Retail Management
d. Advertising
e. Marketing Research
f. Marketing of Services
g. E-Marketing
4. Banking
a. Banking Laws & Practice
b. International Banking
c. Treasury & Fund Management
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d. Regulations for Financial Institutions
e. E-Banking
f. Money and Capital Markets
5. Management
a. Supply Change Management
b. Human Resource Development
c. Hotel and Restaurant Management
d. Small Business Management
e. Agri-business Management
Fields of Specialization
1.
ACCOUNTING
a)
ADVANCED ACCOUNTING THEORY AND PRACTICE
The basic structure of accounting. The Accounting & Environment,
Accounting Systems and controls, Cash flow statements, Measuring
financial position and Income flow. The Accounting Model-Theory
and practice-valuation in Accounting Management. Planning and
Control, Income Taxes, Deferred Tax, Business Combination and
Consolidation, Provisions and Contingencies Final Accounts and
Annual Reports of Banks, Insurance, Leasing Companies,
International Accounting Standards as adopted in Pakistan (Relevant
to above topics).
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
MEIGS, MOSICH & Meigs. Financial Accounting. McGraw Hill.
Meigs and Johns 2nd Edition. Accounting, McGraw-Hill.
Wallis. Accounting A Modern Approach. McGraw-Hill.
Kaluza. Accounting A Systems Approach. McGraw-Hill.
Johns. Advanced Accounting, McGraw-Hill.
Nisaruddin. Advanced Accounting. Lahore
M.A. Ghani, Advanced Accounting
b)
PUBLIC SECTOR ACCOUNTING
Government Accounting System, Treasury Manual, Government
Financial Rules, Register of Advances, and Monthly Accounts,
Annual Accounts, Income & Expenditure Statements, Budgets,
Advanced Budgeting preparations, Departmental Budgets, Stock and
Stores Accounts. Organizations, Procedure and functions of the
Auditor General of Pakistan. Reporting different funds and their
disposal, Controlling Accounts. Public Accounts Reports.
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BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
Provincial Financial Handbook, Vol. I, II, III,
Fundamental Rules, (Federal)
Accounts Code, Vol.1 to IV.
Treasury Manual (Federal & Provincial).
D.D.O. Handbook.
Miksell, R.M; Governmental Accounting, Richard D. Irwin Inc.
c)
ADVANCED AUDITING
The Audit environment, Auditing Specific Cycle and
Accounts-Auditing the Revenue cycle, Buying Cycle, Product
Cycle, Inventory Balances. Auditing theory and practice,
International Audit standards-Auditing and Ethics-General
Technology in Auditing-Internal control and Review
techniques-Attributive sampling and objective tests of Internal
Control-Audit of revenue, Inventories, Assets and LiabilitiesAudit of payroll and other income and expenditure itemsReporting obligations and options-Reports by independent
auditors non-opinion reports. Related problems Tangible and
Intangible Assets. Audit Report-Special reporting situations.
Sales Tax Audit.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
7.
Stettler F. Auditing
Woolf, E. Auditing Theory.
Khawaja Amjad Saeed. Auditing. Accountancy and Taxation Services
Institute Lahore.
Auditing by Muhammad Irshad, Naveed Publication, Lahore.
Zafar M. Zaidi. Auditing.
Meigs & Larson. Principle Auditing. University of Congress Richard, D.
Irwin.
Attwood and Stein, N.D.de Paula's Auditing Principles and Practice.
Pitman Publishing Ltd.,London.
d)
COST ACCOUNTING APPLICATION
At least 10 case studies on selected Industrial, Financial,
Manufacturing, Services, and Merchandizing Sector in respect of
Cost Accounting Application will be carried out.
Note: Students will be required to visit various industrial Units/Departments.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
Davidson, S. & Weil, R.L. Handwork of Cost Accounting. McGraw-Hill.
Horngren, C.T. Cost Accounting.
Matz, Usry, Cost Accounting.
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e)
Financial Reporting and their Disclosures
FINANCE
1.
ISLAMIC FINANCE
Primary background and theoretical foundations:
1. Islamic Economic System and Introduction.
2. Macroeconomic theories from Islamic perspective
3. Islamic Banking and Finance in theory and practice
4. Financial intermediation in the framework of Shariah
5. The role of Shariah-based financial instruments in Islam
6. The mechanism and operations of Islamic financial markets
7. Islamic modes of finance
8. Principles of Islamic Financing
9. External financing in Islam
10. Empirical Investigation
- Islamic Development bank - its role and functioning
- Contemporary experiences of Islamic Banks.
11.
Islamic Finance in Pakistan’s Context,
- Supreme Court’s Judgment on the issue
- Interest free Banking in Pakistan
- Long-term Financing in Pakistan
- Islamic Modes of Finance in Pakistan: A practical experience.
BOOKS RECOMMENDED (Latest Editions)
1. Ahmad, Khurshid. Studies in Islamic Economics, The Islamic
Foundation, Liecester, UK
2. Ariff M. and Mannan, M. A. Developing a System of Financial
Instruments, Islamic Research and Training Institute, Islamic
Development Bank, Jeddah, Saudi Arabia.
3. Islamic Development Bank. Principles of Islamic Financing, Islamic
Research and Training Institute, Islamic Development Bank, Jeddah,
Saudi Arabia.
4. Islamic Development Bank. Islamic Banking: State of the Art, Islamic
Research and Training Institute, Islamic Development Bank, Jeddah,
Saudi Arabia.
5. Islamic Development Bank, Lessons in Islamic Economics, (Vol-2),
Islamic Research and Training Institute, Islamic Development Bank,
Jeddah, Saudi Arabia.
6. Kahf, Manzar. The Islamic Economy: An analytical study of the
functioning of Islamic Economic System, Journal of Research in Islamic
Economics.
7. Khan, Fahim, M, Economic Rationality of Islamic Banking, Proceedings
of the Seminar on Islamic Banking, The Islamic Foundation, Liecester,
UK.
8. Mannan, M. A, Financing Development in Islam, Islamic Research and
Training Institute, Islamic Development Bank, Jeddah, Saudi Arabia.
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9. Mannan, M. A, Islamic Economics: Theory and Practice, The Islamic
Academy Cambridge.
10.Rehman, Afzal-ur. Economic Doctrines of Islam, Islamic Publications
Limited, Lahore.
11.Ayub Ch., Islamic Banking & Finance.
12.Dr. M. Imran Ashraf Usmani, Meezanbank’s Guide to Islamic Banking.
13.Siddiqui Mohammad Neejatullah. Banking Without Interest.
(b)
CORPORATE FINANCE
1.
Introduction to Corporate Finance
Financial decision making in corporations
Types of finances
Financial instruments and markets
Short and long term financing
Valuation principles
Required Rates of Return and risk
Internal & external financing
Spontaneous financing
Short term financing tools.
2.
Financial statements and cash flows
The cash flow statement
The income statement and statement of retained earnings
The balance sheet
Relationship between book value and market value
3.
Understanding the Interest Rates.
General level of interest rates.
Foreign Borrowing and lending
Purchasing power parity
Structure of interest rate
4.
Valuing Debt and Equity
Value debt and preferred stock
Pure-discount instruments
Coupon bonds, zero coupon, perpetual & reserve bonds
Amortized instruments
Preferred stock, their types and valuation.
Valuing equity
A single period common stock
A multi-period common stock
The constant growth dividend & growth in stages.
Implications for managers.
5.
Lease and loan financing, Introduction to financing decisions
Description of financial instruments
Private Sources of financing
Commercial banks and other financial intermediaries
Ventures capitalists
Issuing securities to the public.
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6.
Long-term financial policy: Dividends Policy.
How companies distribute value to the owners
Cash dividends
Share repurchases
Stock dividends and stock splits
When dividend policy is irrelevant
The effect of financial market imperfections
The effect of asymmetric imperfections
Establishing a dividend payout-earnings retention policy.
7.
Capital structure theory
Operating & Financial leverage
Cost of Capital,
8.
Restructuring
Restructuring company’s assets and claims
Mergers, Acquisitions, divestitures and buy-outs
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
(c).
Gary W. Emery, Corporate Finance; Principles and Practice
Van Horne, Financial Management and policy.
Gitman, Principles of Managerial Finance.
Brealey and Byers, Corporate Finance, McGraw Hill
Rose, Corporate Finance.
PROJECT MANAGEMENT
Modern project management, Integration of organizational strategy
with projects. Defining the projects, developing a network plan Project
Cycle, Feasibility Report and PC-1 Managing Risk, Reducing project
time, Scheduling Resources, Organization, Leadership, Being an
effective project manager, PERT, CPM Analysis. Managing project
teams, partnering, managing Interorganizational Relations, Progress
and Performance Measurement and Evaluation. Project Audit and
Closure. The Process of Project management and the Future. Case
study of any project.
Note: Case study of any project.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
Meredith, J.R. & Mantal, S.J. Project Management. John Willey.
G. Inwan. Modern Approach to Project Evaluation.
Morris PWG & Hought, G.H. The Anatomy of Major Projects. John
Willey.
Clifford F. Gray / Erik W. Larson, Project management (The managerial
process) Irwin McGraw Hill
M. Pete Spinner, Project Management, Principles and Practices,
Prentice Hall
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6.
John Dingle, Project Management, Orientation for Decision Makers,
Arnold Publishers
Robert K. Wysocki, Roberty Beck, Jr., David B. Crane, Effective
Project Management, John Wiley & Sons
Parag Diwan, Proejt Management, Pentagon Press
7.
8.
(d).
SPECIALIZED FINANCIAL INSTITUTIONS
Financial Institutions: Basic concepts, Importance, Role in Economic
Development, Types & Working, Role of Money and Capital markets,
Appraisal of Specialized Financial Institutions in Pakistan, including
Commercial, Nationalized Banks, Foreign Banks, Leasing Company,
Mudarabah. Specialized International Financial Institutions.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
Khawaja Amjad Saeed. Financial Institution. Lahore.
Government of Pakistan, Govt. Sponsored Financial Institutions.
Hand- Book of Govt. of
Pakistan.
Government of Pakistan, State Bank Publications. Central Directorate,
State Bank of Pakistan, Karachi.
Cooper Fraser, The Financial Market Place, Wesley Publishing Co.
Donald, Financial Institutions, Irwin Inc.
3.
4.
5.
(e).
INTERNATIONAL FINANCE
Meaning, Introduction to exchange rate, Forward Rate, Currency future and
options markets, Alternative system of exchange rate, Balance of payment
accounts, International financial system, Foreign exchange exposure and
risk, Hedging risk and exposure, Financing international trade, Multinational
Corporations.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
Maurice D. Levi, International Finance,
Dow Johns Irwin, The handbook of international financial management.
Pippenger, J. ‘Fundamentals of International Trade’
Madora, International Financial Management.
Shapiro, Multinational Finance
(f).
TREASURY AND FUND MANAGEMENT
1.
2.
3.
4.
5.
6.
Analysis of the various methods of Treasury and Fund Management,
Incorporating asset pricing expectation theory,
Interest rate risk and the term structure of interest rates.
The differences among asset and liability management,
Managing interest rate risk.
Selling interest rate risk products.
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BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
Watson & Altringham, Treasury Management International Banking
Operations
Reihl Rodriguez, Foreign Exchange & Money Markets
Marcia Stigums, Money Markets
Robert Hudson, Treasury Management
3.
MARKETING
(a).
INTERNATIONAL MARKETING
Introduction to international business, foreign trade policies;
Channels of international marketing, role of government. Global
marketing. Market Selection Decisions, Market Strategies. Marketing
consumer & Industrial Product, International Pricing and Promotional
& Advertising Strategies. Export Procedure and Documents, Pakistan
Export Composition, Export Finance.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
(b).
Onkvisit, Sak and Shaw, John J., International Marketing McMillan.
Czinkota, Micheal R. and Ronkainen, Ilka A., International Marketing,
Dryden Press.
Susan P. Douglas and C. Samuel Craig, Global Marketing Strategy
McGraw Hill Inc.
Philip Cateora, International Marketing
Subbash C. Jain, International Marketing
MARKETING MANAGEMENT
The meaning and scope of Marketing Management. Marketing
information system and models. Analyzing Consumer Behaviour,
Planning the Basic Product. Product Planning and Development;
Product testing, Product Planning for Promotion; Pricing and Terms
of Sale, Legal Constraints on Pricing decision. Pricing as a
Marketing Strategy.
Sales Organization-Internal and External.
Marketing Channels-Manufacturer-Distributor-Relationship. Market
Sales Planning, Marketing Expenses Budget. Management of Sales
Force. Marketing Research, Integrated Marketing Program.,
Organization and control of Marketing Activities. Marketing
Measurement and Forecasting, Marketing Control, Use of the Case
Study Method in the Analysis of Marketing Policies.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
Kotler, Philip. Marketing Management. Prentice Hall Englewood, Cliff,
New Jersey.
Jolson, Marvin A.L.Marketing Management. Macmillan Publishing Co.
Inc. New York.
Britt, S.H. & Bovd, H.W. Marketing Management & Administration.
McGraw-Hill Book Company.
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4.
Rewoldt S.H. & Scott, J.D. Introduction to Marketing Management.
Richard D. Irwin.
5. Dovle, P., Creinberg. C.Low, P & D Diamond. Analytical Marketing
Management. Harper & Row Ltd., Publishers, New York.
6. Dalrymple D.J. & Parsons, Marketing management. John Willey &
Sons, Inc.
7. Davis, K.R. Hill. Marketing Management. John Willey.
8. Hise, Et al. Payns. Jr. I.K. Basic Marketing Management. Prentice Hall.
9. Still, R.R. Cundiff, E.W.A.Govni, NAP, Sales Management Prentice
Hall.
10. Richard M.S. Wilson & Colin Gilligan, Strategic Marketing
Management.
(c).
RETAIL MANAGEMENT
Retailing in Transition-The changing Environment of Retailing-Major
Social Forces, Technological Advances, Retailing response to
Environmental Changes. Retailing Opportunities and career. The Retail
Store-Location, Store, Building, Fixtures and Equipment-The Store interior
Layout, Retail Organization and Personnel Management, Retail Sales
Promotion, Personal Salesmanship, Retail Credit and Collections,
Coordination & Management-Adjusting to Present and Changing conditions,
Use of case Study Method.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
(d).
Berkman, H.W. & Gillson, C. Advertising, Concepts & Strategies.
McGraw-Hill.
Frey. Advertising. John Willey.
Bolen, W.H. Advertising. John Willey.
John O’Shaughnessy, Competitive Marketing.
George E. Belch & Michael A. Belch, Advertising and Promotion
ADVERTISING
1.
2.
3.
4.
Introduction to advertising, Evolution and Role of Advertising.
Advertising as part of Marketing Mix.
Advertising planning and decision making.
Advertising Management, Sponsor, Agency, Media (Print,
Electronic).
5. Perspectives on Consumer Behavior.
6. Ethic in Advertising.
7. Advertising Budget
8. Message Strategy and Comprehension
9. Group Influences and World of Mouth Advertising
10. Measuring the Effectiveness of the Promotional Program.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
George E. Belch & Michael A. Belch, Advertising and Promotion.
Batra. Myers. Aaker, Advertising Management.
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3.
4.
5.
(e).
William Wells, Advertising Management.
William M. Kineaid.Jr., Promotion (Products, Services, and Ideas)
Terence A. Shimp, Promotion Management & Marketing
Communication
MARKETING RESEARCH
Introduction to Marketing Research, Marketing Research Process,
Marketing Research-needs and Application Strategy, problems
Discovery and Formulation, Defining and Planning Market Research
Models, and Model Building Marketing Information System, Data
Collection and Organizing, Data Analysis Interpretation and
Utilization, Reporting and follow-up, market Analysis and Forecasting,
Marketing Information, Advertising Research and new Product
Research.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
(f).
Akker D. A. George, S. Marketing Research. John Willey.
Boyd, H.W. West Fall,R & Stasch S.F. Marketing Research. Text and
Cases
HOTEL AND RESTAURANT MANAGEMENT
Brief History of Hotel Industry in Pakistan, Nature of Hotel Business
and its Structure, Type of Hotels, Motels and Tourists
Accommodation, Organizing the Business, Sources and Types of
Finances Required; Selecting the Site; Planning the Facilities-Space
Allocation, Storage, Utility Areas, Shops, Stores and other Guest
Services; Number and Type of Personnel required. Development of
Services, Restaurant and Guest Room Services Facilities and Interior
including Food and Beverages. Recreation and Entertainment,
Administration and Management, Housekeeping, Accounting
Records, Control, Advertising, Sales Promotion & Public Relations.
BOOKS RECOMMENDED (Latest Editions)
1.
Smith, W.O. Restaurant Marketing.
4.
BANKING
(a).
Banking. Law & Practice
1.
2.
3.
4.
5.
6.
7.
8.
General Introduction
Banker-Customer Relationship
Types of Accounts
Types of Customers
The Statutes, Laws relating to cheques, bills of exchange,
Promissory notes & stamp and excise duty thereon.
Remittances
Routine Foreign Exchange Transactions
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9. Loans and Advances
10. State Bank of Pakistan & Its functions.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
(c).
Israr Siddiqui, Practice and Law of Banking in Pakistan, Royal Book
Co., Karachi.
S.A., Menai, Banking and Finance in Pakistan, Oxford University
Press, Karachi.
Holden, J. Milnes, The Law & Practice of Banking, Vol. I & II., London:
Pitman.
Abdul Aziz Kazi, Commentary on Negotiable Instruments Act, 1881.
Karachi.
Pakistan Institute of Bankers, Karachi, Practice & Law of Banking.
Government of Pakistan, Banking & Financial Services, (Amendment
of Laws) Ordinance.
INTERNATIONAL BANKING
1.
2.
3.
4.
5.
(d).
An overview of the international banking arena.
Mechanisms for foreign exchange transactions, Trade financing
The Euro markets and international financial centers,
International money and capital markets.
Regulatory framework for controlling such markets.
TREASURY AND FUND MANAGEMENT
1.
2.
3.
4.
5.
6.
Analysis of the various methods of Treasury and Fund
Management,
Incorporating asset pricing expectation theory,
Interest rate risk and the term structure of interest rates.
The differences among asset and liability management,
Managing interest rate risk,
Selling interest rate risk products.
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
(e).
Watson & Altringham, Treasury Management International Banking
Operations
Reihl Rodriguez, Foreign Exchange & Money Markets
Marcia Stigums, Money Markets
Robert Hudson, Treasury Management
REGULATION OF FINANCIAL INSTITUTIONS.
1.
2.
3.
Important facets of the regulatory framework Including the
concepts,
Rationale tools and the framework of financial regulations at the
national and global level.
Statutory (SBP, SECP) as well as the self-regulatory
organizations (stock exchanges).
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4.
(f).
Supra national forums like the Basle Committee of Banking
Supervision, IOSCO, etc, as well as private sector regulatory
initiatives, like credit rating etc.
Marketing of Financial Services
1.
2.
3.
4.
5.
6.
7.
The Service Economy:
Kinds of Financial Services and Products
Service Planning and Development
Marketing Strategies and Competitive Environments
Pricing of Services.
Promotion and Related fields Services
Future of Services
BOOKS RECOMMENDED (Latest Editions)
1.
(g).
Christine Ennew & Trevor Warkins, Marketing in Financial Services
Islamic Banking
Comparative Economic Systems
Economic System of Islam
Features of Commercial Banking
Structure of Islamic Banking
Obstacles in Islamic Banking
Financial intermediation in Islamic system
Riba, its classifications and Prohibition
Empirical investigation, contemporary experiences of Islamic Banks in
different Islamic countries
Islamic Development Bank, its role & functioning
Islamic Banking in Pakistan, Appraisal
BOOKS RECOMMENDED (Latest Editions)
1.
2.
3.
4.
5.
6.
Ahmad, Khurshid. Studies in Islamic Economics, The Islamic
Foundation, Liecester, UK
Ariff M. and Mannan, M. A. Developing a System of Financial
Instruments, Islamic Research and Training Institute, Islamic
Development Bank, Jeddah, Saudi Arabia.
Islamic Development Bank. Principles of Islamic Financing, Islamic
Research and Training Institute, Islamic Development Bank, Jeddah,
Saudi Arabia.
Islamic Development Bank, Lessons in Islamic Economics, (Vol-2),
Islamic Research and Training Institute, Islamic Development Bank,
Jeddah, Saudi Arabia.
Khan, Fahim, M, Economic Rationality of Islamic Banking,
Proceedings of the Seminar on Islamic Banking, The Islamic
Foundation, Liecester, UK.
Mannan, M. A, Financing Development in Islam, Islamic Research
and Training Institute, Islamic Development Bank, Jeddah, Saudi
Arabia.
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7.
Mannan, M. A, Islamic Economics: Theory and Practice, The Islamic
Academy Cambridge.
8. Rehman, Afzal-ur. Economic Doctrines of Islam, Islamic Publications
Limited, Lahore.
9. Ayub Ch., Islamic Banking & Finance.
10. Dr. M. Imran Ashraf Usmani, Meezanbank’s Guide to Islamic Banking.
11. Siddiqui Mohammad Neejatullah. Banking Without Interest.
12. Siddiqui Mohammad Neejatullah. Issues in Islamic Banking
Note: Each University may add new courses of specialization according to
its requirements.
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MS/M.PHIL.
IN COMMERCE
FIRST YEAR
First & Second Semester:
Total: 30 Cr.Hrs.
Compulsory Courses
A.
Four courses from the following
1.
2.
3.
4.
5.
6.
Issues in Contemporary Business
Advanced Research Methodology
Inferential Statistics
Corporate Governance
Philosophy of Social Sciences
Econometrics
B.
Two courses from respective Field of Specialization will be offered in
each semester.
C.
Comprehensive Examination
SECOND YEAR
3rd & 4th Semester
6 Cr. Hrs.
Dissertation and its defense
Note: Details of courses will be followed by the universities as approved
by their respective Board of Studies
Ph.D. IN COMMERCE
After successful completion of MS/M.Phil. Program and meeting the
University/HEC requirements.
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RECOMMENDATIONS
During preparation and revision of Curricula of BS Commerce (B.Com.
Hons.) (4 years program) equivalent to current Masters Degree and
MS Commerce equivalent to existing MPhil, the following
recommendations came up through extensive discussion amongst the
members of the Committee:
1) The recommendation made in the NCRC meetings of Commerce
in 2001, 2004 and 2006 regarding the appointment of Heads/
Principals with minimum M.Com. degree in Commerce Colleges/
Institutions, should be implemented.
2)
The Committee suggests that the teachers training and orientation
programs be arranged by HEC at various regional offices initially
for those subjects that are being introduced in the new courses
such as:
i)
ii)
iii)
iv)
v)
vi)
Creative Writing
Logic
Total Quality Management
Entrepreneurship
Financial Reporting
Research Project
3)
The Committee appreciates the efforts of HEC for arranging
regular meetings for revision of syllabi in the larger interest of the
academic needs of our country and hopes this practice will
continue as such.
4)
The Committee recommends establishing a Centre of Excellence
in Commerce in each province to promote research activities.
5)
The Committee suggests that a case study bank should be
established by the HEC for benefit of the commerce institutions
and their students.
6)
The Committee recommends that a special grant of Rs. 2 million
for college/department of commerce of each university be
provided for promotion of IT, Libraries, Computer Labs, and
provision of necessary teaching aids in this regard.
7)
The committee recommends that a council (Pakistan Commerce
Promotion Council) for the discipline of Commerce may be
constituted to help in promoting commerce education in country.
8)
The committee suggests that a list of research journals in
commerce (local and foreign) may be developed by HEC in which
publications will be acceptable.
9)
The committee recommends that the proposed new curricula be
implemented w.e.f. next Academic Year (2007-08) in all
universities and gradually in affiliated colleges.
10) The committee recommend that HEC should increase the number
of scholarships for higher studies in the field of commerce.
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